Large Bailout for Obamacare Insurers May Be Coming

Large Bailout for Obamacare Insurers May Be Coming
AP Photo/Jon Elswick, File

The Affordable Care Act (ACA) exchanges are failing despite massive government subsidies, including nearly $15 billion of unlawful payments, for participating insurers. As bad news pours in and with a potentially very rough 2017 open enrollment period ahead, the Obama administration signaled on Friday that it may defy Congress and bail out insurers through the risk corridor program. Congress should take all steps at its disposal to prevent the administration from doing so.

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